Houston's Own

Kenny Rogers is a real estate gambler: Country star dupes auction vulturesseeking his mansion

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PRWeb.com
PRWeb.com
PRWeb.com
Photo by Jay Fletcher

At 73, Houston-born Kenny Rogers has an impressive history beyond his half-century career as a country music singer-songwriter, with accolades in photography, acting, music production and entrepreneurial affairs.

And now the lucky guy has $2.25 million in his pocket, after selling his home in Jackson County, Ga. — but not without making a dozen potential buyers mad by leaving them hanging at the auction block.

The Athens-Banner Herald is reporting that Rogers decided, unexpectedly, to take his property — a 150 acre plot with a five-bedroom, 5,681-square-foot house, a 2,675-square-foot pool, an eight-acre lake, horse riding trails, go-cart track and other amenities — off of the market on Tuesday afternoon, less than a day before an anticipated auction that drew high-rolling bidders from as far as North Carolina.

The auction, which was to be conducted by Grand Estates Auction Company, was advertised as an absolute auction with no minimum bid. Rogers, who frequently builds then sells his homes, once described the estate as "kind of like Disneyland with animals."

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No Cap

Houston ranked No. 3 destination for Gen Zers on the move for 2023

Photo by Alexander Londoño on Unsplash

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As Gen Z enters adulthood, many are flocking to the nation's biggest cultural hubs like New York City, Los Angeles, and now Houston, which had the third-highest inflow of Gen Zers in 2023.

H-Town's new reputation as a Gen Z hotspot was unveiled in a recent report by American home improvement brand This Old House, which analyzed migration trends across multiple generations using 2023 U.S. Census Bureau data.

Houston saw an influx of 22,868 Gen Z residents last year to become the generations third most popular city. That's up from ranking as the No. 11 most popular city in 2022. Houston gained fewer than 7,600 new Gen Z residents during that time in comparison to 2023's migration trend.

Houston started gaining traction as an up-and-coming destination for Gen Zers last year, when the "experience-hungry generation" was on the hunt for an affordable place to live with vast opportunities for entertainment, education, or employment.

Real estate marketplace Zillow seems to agree on a statewide scale, declaring Texas as the No. 1 destination for Gen Zers on the move in 2024.

While Houston saw big gains in its Gen Z population last year, many other big cities saw a mass exodus.

"El Paso, Texas, has lost the most residents from this generation, with a drop of 5,607, a sharp turn from 2022 when the city saw an increase," the report said. "Other cities, including Plano, Texas; Memphis, Tennessee; McKinney, Texas; and Wichita, Kansas, are seeing similar declines."

The report also surprisingly revealed that Houston is also one of the top destinations for millennials and Gen X, whereas both New York City and Los Angeles lost more residents among those two generations in comparison.

Houston ranked as the No. 1 city for Gen Xers and No. 4 for millennials based on their respective migration trends in 2023. Houston gained 6,312 new Gen X residents last year – the most nationwide – and the fourth-highest amount of millennials (5,301 new residents).

"Gen X, baby boomers, and the Silent Generation are also moving away from major cities, particularly New York City and Washington, D.C.," the report said. "They’re heading to some of the same cities as Gen Z, including Houston and Jacksonville, Florida."

The top 10 cities that gained the most Gen Z residents in 2023 are:

No. 1 – New York City, New York
No. 2 – Los Angeles, California
No. 3 – Houston, Texas
No. 4 – Philadelphia, Pennsylvania
No. 5 – Chicago, Illinois
No. 6 – San Diego, California
No. 7 – Seattle, Washington
No. 8 – Charlotte, North Carolina
No. 9 – Dallas, Texas
No. 10 – Minneapolis, Minnesota